Scarce advancement makes prosperity a zero-sum positional good

Evidence

Subjecting markets to the centralised control of an all-encompassing agency is not economically efficient and leads to political authoritarianism. Leaving markets free to operate more or less without any restriction, on the other hand, produces major disparities between the life chances of different groups and regions. A post-scarcity system, however, takes us beyond this dilemma. For when the major goods of life are no longer scarce, market criteria can function solely as signaling devices, rather than being also the means of sustaining widespread deprivation. — Anthony Giddens, The Consequences of Modernity, 386 (#qualifies, via linked claim)

Categorization

  • XREF: connects to: Post-reform Indian economic growth concentrated wealth in few hands; Failure to cooperate is individually rational in zero-sum subsistence economies.; Market control tradeoffs dissolve once basic goods are no longer scarce — Anthony Giddens, The Consequences of Modernity, 386 (+1 more)

Broader Connections